ADVAIT ENERGY TRANSITIONS — ELLIOTT WAVE ABC IN PROGRESSNSE:ADVAIT is unfolding a well-structured ABC corrective pattern on the daily timeframe. Within the C wave, a 5-wave impulse structure is clearly visible, and price appears to be completing wave 4, setting up for a final wave 5 rally toward the ₹2800 zone.
Wave structure breakdown
Wave A (impulse) - 13 bars up
Wave B (retracement) -21 bars — 1.6× of A
Wave 1 (in C) - 27 bars up
Wave 2 (in C) -13 bars — −16.39%
Wave 3 (in C) -21 bars up
Wave 4 (current) -assuming to winding up in 10–11 bars · −16.39%
Trade setup
Buy zone - ₹2080 – ₹2150
Target - ₹2800 (wave 5)
Invalidation
Below ₹1900
Expected timing
Wave 4 bottom: Jul 1–2
This analysis is for educational and informational purposes only and should not be considered investment advice. Market investments are subject to risks. Please consult your financial advisor before making any investment decisions.
